Applied Digital's CEO Wes Cummins at the company's office on Turtle Creek Boulevard.When cryptocurrency prices were on a tear during the COVID-19 pandemic, with prices peaking in November 2021, a Dallas businessman started looking for a way to benefit from the surge without accepting the high risk., which rents out data center space to crypto miners and other players who need a lot of computing power.
In the next few months, two more sites are expected to come online, including a 200-megawatt, 16-building site in Garden City that is fully contracted out by five customers and will also include a wind farm. The site, which has been delayed by the regulatory approval process in Texas, will need about 40 full-time employees.
The company scouts for sites in locations with attractive power prices so it can rent out to customers for a lower cost, Cummins said. Applied Digital and other competitors benefited from China cracking down on crypto mining in mid-2021, which forced some miners to find space elsewhere. But the company changed its name from Applied Blockchain to Applied Digital in November to reflect its ability to host a broader range of customers than just crypto miners.
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Ha I think the physical newspaper version said no risk 😂
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